LODGING Staff

🏨 In Cambridge, Massachusetts, the Hospitality Asset Managers Association (HAMA) revealed its Spring 2025 Industry Outlook Survey results during the 2025 Annual Spring Meeting. The survey collected insights from 80 hotel asset managers, which is about 33% of HAMA's membership. Key findings include 49% predicting a U.S. recession in 2025, a significant jump from 19% in Fall 2024, and 55% considering changes to brand/management. Concerns over an impending recession rose to 70% among those polled informally during the conference.

🏨 Sheraton Philadelphia University City Hotel in Pennsylvania announces a $60+ million renovation to be completed by 2025. The upgrade, designed by Gensler, includes guest rooms, public spaces, a 24/7 fitness center, and a new outdoor deck. &More café will offer dining experiences. The University of Pennsylvania owns the hotel, which Davidson Hotels operates. The renovation aims to provide a blend of traditional and contemporary styles, with amenities like meeting pods and a multi-use terrace for events and relaxation.

📌 In a strategic partnership, the AAHOA and Kalibri Labs launched a national investigation into the impact of federal policy changes on the U.S. hotel industry. Early 2025 findings indicate one-third of U.S. hotel submarkets are outperforming 2024, but a larger share, especially in government and corporate segments, face declines. Over 20,000 AAHOA members and data from 36,000 U.S. hotels are involved. Surveys show 69% of hotel owners report business declines, 50% see reduced government bookings, and 61% are behind 2024's summer booking pace. Government per diem business is down 9% YOY, corporate business down 4%, and future bookings for the next 30 days are pacing 3% behind 2024. Extended Stay brands, however, are outperforming 2024 by 1-2%. California and Florida have submarkets ahead of 2024, indicating a mixed recovery.